Mainstream African-Americans have been working under the theme of more with less without assistance.
Overall, the economic condition of African Americans has worsened since 2000. Wage growth for the median black worker has stagnated, incomes and employment have declined, and poverty has increased. This Briefing Paper( REVERSAL OF FORTUNE
Economic gains of 1990s overturned for African Americans from 2000-07
BY A LG E R N O N A U S T I N shows:
• African American median family income declined by $404 or 1% between 2000 and 2007. This is the first decline in black median family income in a business cycle of this length since World War II. Single, African American, maleheaded families saw the largest percentage decline—9.1%—in median family income.
• Worker productivity grew 19.2% between 2000 and 2007, but wage growth for American workers generally and African American workers specifi cally has stagnated. For black workers 25 to 54 years old, the median black weekly wage fell 0.6% from 2000 to 2007.
• Th e African American unemployment rate increased by 0.7 percentage points between 2000 and 2007, while the employment rate shows a 2.4 percentage-point decline, or three times the number not working indicated by the change in the unemployment rate.
• Th e black home ownership rate, after increasing to 49.1% in 2004, dropped to 47.2%in 2007. Because the foreclosures from the housing crisis have continued into 2008 and will likely continue into 2009, the African American home ownership rate is also likely to decline into 2009.
• Th e tight labor market of the late 1990s led to the largest decline in African American poverty since the 1960s. From 1989 to 2000, the black family poverty rate fell by 8.5 percentage points. In contrast, from 2000 to 2007, the
African American family poverty rate increased 2.8 percentage points.
• Crime and criminal justice policies are increasingly entangled with the economic outcomes of African Americans and particularly of black men. If one adjusts the employment rate of African American men by counting men in prison as non-working, the already low African American male employment rate drops by about 3 percentage points.
That stimulates check is just not the same as $700 billion bailout to wallstreet. So Fort Wayne is not just about men being men, it's more like where are the jobs for men to take care of their family like men in Wayne township.
Contrary to what the main stream media says, wall street as a whole (capitalism) should not be blamed for the actions and policies set forth by OUR congress. There are, in fact, corrupt men in wall street who partnered with corrupt men in government to engineer a win-win situation at the expense of the taxpayer. Capitalism (and our nation or any nation) will only survive when the good and virtuous people are running it. Which means, come this November, you must vote for good men and women who stand by principle and uphold our constitution and not just give lip service to causes that seem noble and just.
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